Crypto
Bitcoin Faces Crucial Test at $78,000 Level
Bitcoin is facing a critical test at the $78,000 level, according to Michaël van de Poppe.
The price of Bitcoin currently sits just above the lower Bollinger Band support at $78,321.57, but faces immediate resistance from the EMA50 at $89,883.2 and deeper floor value from the EMA200 at $73,833.75.
Van de Poppe warns that a break below this level opens the door to $74,000, while a hold could trigger another advance toward recent highs.